German Chancellor Angela Merkel has been such a dominant figure in the political/economic sphere over the last few years it’s almost difficult to imagine anyone else occupying her position, but according to her rival Peer Steinbrueck her authority could be ousted in the upcoming election.
Steinbrueck, the German Social Democratic candidate, asserted that his party could win if they garner the support of alienated voters.
During an interview Steinbrueck indicated that there are about 10 million voters who the SPD party lost in the ten years prior to their defeat in 2009.
Steinbrueck commented: ‘That means if we reached even half of those, the SPD could win the election. […] German’s should be gradually warned that despite a good situation presently, we have to deal with a few needs.’
In Steinbrueck’s opinion the society is currently divided by gender inequality, a floundering infrastructure and a widening wage gap.
The Euro/Pound pairing is currently trading in the region of 0.8679
If the indomitable Merkel is indeed unseated it could alter the German attitude to restoring fiscal balance to the Eurozone, with significant repercussions.
Over the weekend the Euro held steady against the US Dollar but weakened slightly against the Pound.
This week’s influential Euro news includes services PMI for Germany and the Eurozone, Eurozone investor confidence figures and retail sales data, Italian GDP and German industrial production and trade balance reports.
Euro (EUR) Exchange Rates
As of 08:45
The Euro/US Dollar Exchange Rate is currently in the region of: 1.3276 >
The Euro/Pound Sterling Exchange Rate is currently in the region of: 0.8679 <
The Euro/Australian Dollar Exchange Rate is currently in the region of: 1.4912 <
The Euro/ New Zealand Dollar Exchange Rate is currently in the region of: 1.7126 <
The Euro/ Canadian Dollar Exchange Rate is currently in the region of: 1.3785 >